This article only represents the author's own views.
Gogox Holdings Ltd. may be a massively money-losing online logistics platform, but that doesn’t mean it’s not going places. Despite losing 2.3 billion yuan ($360 million) over the past three years, the Alibaba-backed (9988.HK; BABA.US) operator of a trucking service-for-hire met market capitalization and revenue requirements for a listing in Hong Kong, which normally frowns on IPOs for money-losing companies.
Having reached those milestones, Gogox has received the official green light to move ahead with a listing on the city’s main board. Its IPO application was approved and uploaded on Sunday to the Hong Kong Stock Exchange website.
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